SCHULTE & PARTNERS: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
SCHULTE & PARTNERS
Largest movements
- Receivables within one year -€201,883
down €201,883 (-72.5%), from €278,357 to €76,474
of which Other amounts receivable: -€210,921
- Financial fixed assets +€150,000
new in 2025: €150,000
- Cash -€33,279
down €33,279 (-43.5%), from €76,471 to €43,192
- Trade debts -€100,586
down €100,586 (-68.7%), from €146,498 to €45,912
- Other debts +€37,223
up €37,223 (+93.1%), from €39,973 to €77,196
- Tax, wage and social debts -€13,549
down €13,549 (-59.8%), from €22,671 to €9,122
- Gross operating margin -€5,588
down €5,588 (-14.5%), from €38,511 to €32,923
- Financial income +€2,009
up €2,009 (+30.3%), from €6,630 to €8,639
- Financial charges +€1,216
up €1,216 (+68.7%), from €1,772 to €2,988
- Depreciation +€1,131
up €1,131 (+10.5%), from €10,763 to €11,894
- Taxes -€1,089
down €1,089 (-10.7%), from €10,179 to €9,090
From the 30-09-2025 result to the 31-12-2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 30-09-2025 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €646,055 | €559,109 | -€86,946 | -13.5% |
| Fixed assets | 21/28 | €229,502 | €378,372 | +€148,870 | +64.9% |
| Tangible fixed assets | 22/27 | €229,502 | €228,372 | -€1,130 | -0.5% |
| Land and buildings | 22 | €222,128 | €222,128 | -€0 | 0.0% |
| Furniture and vehicles | 24 | €7,374 | €6,243 | -€1,131 | -15.3% |
| Financial fixed assets | 28 | - | €150,000 | +€150,000 | |
| Current assets | 29/58 | €416,553 | €180,737 | -€235,816 | -56.6% |
| Amounts receivable within one year | 40/41 | €278,357 | €76,474 | -€201,883 | -72.5% |
| Trade receivables | 40 | €32,970 | €42,008 | +€9,038 | +27.4% |
| Other amounts receivable | 41 | €245,388 | €34,467 | -€210,921 | -86.0% |
| Current investments | 50/53 | €61,071 | €61,071 | +€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €76,471 | €43,192 | -€33,279 | -43.5% |
| Deferred charges and accrued income | 490/1 | €653 | - | -€653 | |
| Total equity and liabilities | 10/49 | €646,055 | €559,109 | -€86,946 | -13.5% |
| Equity | 10/15 | €350,784 | €345,572 | -€5,212 | -1.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €332,184 | €326,972 | -€5,212 | -1.6% |
| Distributable reserves | 133 | €332,184 | €326,972 | -€5,212 | -1.6% |
| Amounts payable | 17/49 | €295,271 | €213,537 | -€81,734 | -27.7% |
| Amounts payable after more than one year | 17 | €66,055 | €61,037 | -€5,018 | -7.6% |
| Financial debts | 170/4 | €66,055 | €61,037 | -€5,018 | -7.6% |
| Amounts payable within one year | 42/48 | €228,713 | €151,997 | -€76,716 | -33.5% |
| Current portion of amounts payable after more than one year | 42 | €19,571 | €19,768 | +€197 | +1.0% |
| Trade debts | 44 | €146,498 | €45,912 | -€100,586 | -68.7% |
| Suppliers | 440/4 | €146,498 | €45,912 | -€100,586 | -68.7% |
| Taxes, remuneration and social security | 45 | €22,671 | €9,122 | -€13,549 | -59.8% |
| Taxes | 450/3 | €22,671 | €9,122 | -€13,549 | -59.8% |
| Other amounts payable | 47/48 | €39,973 | €77,196 | +€37,223 | +93.1% |
| Accrued charges and deferred income | 492/3 | €503 | €503 | +€0 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,763 | €11,894 | +€1,131 | +10.5% |
| Other operating charges | 640/8 | €3,393 | €3,769 | +€376 | +11.1% |
| Gross operating margin | 9900 | €38,511 | €32,923 | -€5,588 | -14.5% |
| Operating profit (loss) | 9901 | €24,355 | €17,260 | -€7,095 | -29.1% |
| Financial income | 75/76B | €6,630 | €8,639 | +€2,009 | +30.3% |
| Recurring financial income | 75 | €6,630 | €8,639 | +€2,009 | +30.3% |
| Financial charges | 65/66B | €1,772 | €2,988 | +€1,216 | +68.7% |
| Recurring financial charges | 65 | €1,772 | €2,988 | +€1,216 | +68.7% |
| Profit (loss) for the period before taxes | 9903 | €29,213 | €22,912 | -€6,301 | -21.6% |
| Income taxes | 67/77 | €10,179 | €9,090 | -€1,089 | -10.7% |
| Profit (loss) for the period | 9904 | €19,034 | €13,821 | -€5,213 | -27.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,034 | €13,821 | -€5,213 | -27.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2025 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.